A free zone is a jurisdiction designated specifically so that the company that is setup inside of it can be completely owned by the foreign entity. A company registered in the UAE Free Trade Zone is referred to as the Free Zone Company. UAE is now a major business hub and ideal for setting up a business or a representative office. In order to attract foreign investment and empower the economy, free zones have been set up in Dubai. UAE free zones are offering 100% foreign ownership, zero tax and customs privileges to company owners.
Benefits of Setting up a Business in Dubai Free Zone
There are many more benefits of forming a company in Dubai, like:
- 100% Ownership
- 100% Tax-Free
- Import/Export
- Strategic Locations
- State of the art Infrastructure
- High-Quality Labour
- Complete Repatriation of Investments and Profits
- Bank Account Opening
- Virtual Office and Warehouse Opening
The nature of the business activity that you intend to carry out will have a big influence on selecting the Free Zone to meet your requirements. Every company operating within Free Zone is required to obtain business license. A business license (also known as trade license) is a time-limited permit granted to a company to undertake commercial, consulting or industrial activities within the Free Zone.
What Exsolution can do
- We can give you strategic insights that will help you identify the perfect zone for your business type
- Get the necessary documents that will help you incorporate
- Approvals from government and others
- Bank Account Opening
- A lot more can be provided through our business consultants